News & Events : 2008 News
24/04/2008 09:14:39 : ID Data gains new contract win worth £3m over three years for chip bank cards and services
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Press Release |
23 April 2008 |
ID Data Group plc
(“ID Data” or the “Company”)
ID Data gains new contract win worth £3m over three years for chip bank cards and services
ID Data Group plc (IDD), the smart card and card solutions group, today announces that it has won a significant contract to supply bank and co-branded cards to one of the worlds leading financial services companies.
The contract encompasses the manufacture, personalisation and fulfilment of smart bank cards for the UK market and the annual spend is expected to exceed £1million.
The initial three year contract is expected to lead to further business as ID Data proves its skills and capabilities to the client. These include the Company’s leading touch and go payment technology along side its traditional technology which is used for chip and pin transactions.
Commenting on the contract, Peter Cox CEO said: “This is a major win for ID Data in the financial services sector and together with the other major brands we are now servicing, should demonstrate to the investment community and other issuers of bank cards in Europe, that ID Data has a range of technology and services to match any of our global competitors.
Our company has completed a major transition to strengthen its offering to the financial sector and the Company now has the skills and capabilities to deliver flexible, world class solutions that will meet the demands of our clients for both high quality, and improved and proactive services.”
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About ID Data
ID Data is a fully accredited Visa and MasterCard card producer and card processor with its high security bank card capabilities based in Petersfield, England. The company has won major acclaim for its deliverables in the touch and go payments sector, plus is one of the few “Multos” issuing partners in the world, where it can develop and deliver multi application technology using the Multos platform.
For further information, please contact:
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ID Data Group plc |
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Peter Cox, Chief Executive |
Tel: +44 (0) 1730 235700 |
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peter.cox@iddata.com |
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Smith & Williamson Corporate Finance Limited |
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Azhic Basirov / David Jones
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Tel: +44 (0) 20 7131 4000 |
Media Enquiries
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Abchurch |
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Chris Lane / Joanne Shears |
Tel: +44 (0) 20 7398 7709 |
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Joanne.Shears@abchurch-group.com |
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